Markets will remain closed on 2nd,3rd and 6th October because of Mahatma Gandhi Jayanti,Dussehra and Bakri Id respectively
BSE Sensex (26568.00) and NSE Nifty(7945.55) closed down by 0.2% and 0.3% respectively last week.Nifty Future was quoting at 36.60 points premium.Nifty put option October 7900 was very active.Support for Sensex is at 26400 and Nifty at 7900. Resistance for Sensex is at 26780 and Nifty at 8010.
SAIL and M & M FINANCE added Open Interest in October series.Huge position was build up at ASHOK LEYLAND October call Option Strike Price 45.Good build up was also seen at UNITECH October call Option Strike Price 22.5.
Strategy for Futures Option players.
(1) INFY (3815.75) Future-Lot Size 125 shares.
Buy One Lot OCTOBER Future @ 3815.75 Rs
Sell One Call Option October strike price email@example.com Rs
Premium Received=60.95*125= 7618.75 Rs
Maximum Profit=4000– 3815.75 = 184.25*125= 23031.25 + 7618.75 = 30650.00 Rs.
(2) WIPRO (615.75) LOT SIZE 500 shares
Buy One Call Option of OCTOBER Strike Price 610@ 24.85 Rs.
Sell One Call Option of OCTOBER Strike Price firstname.lastname@example.org Rs.
Premium Paid = 24.85*500= 12425.00 Rs.
Premium Received=15.55*500= 7775.00 Rs.
Net Premium Paid= 12450.00-7775.00= 4650.00 Rs.
Maximum Profit =630-610=20*500=10000– 4650.00 = 5350.00 Rs.
Maximum Loss= 4650.00 Rs.
Break Even= 619.30
(1) HCL TECH (1740.15) Buy this stock in decline and trade .
(2) RANBAXY (638.40) Buy this stock in decline and trade
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